South Florida Automobile Dealers Association Inc
- Assets
- $11.4m
- Revenue
- $2.8m
- Investments
- $9.1m
- Employees
- 0
- Location
- North Miami, FL
- Founding
- 05/1965
- Data as of
- 05/2023
- EIN
- 59-1094645
Organization Overview
South Florida Automobile Dealers Association Inc is located in North Miami, FL. The organization was established in 1965. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Florida Automobile Dealers Association Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 05/2023, South Florida Automobile Dealers Association Inc generated $2.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (10.4%) each year. All expenses for the organization totaled $2.7m during the year ending 05/2023. As we would expect to see with falling revenues, expenses have declined by (7.2%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, South Florida Automobile Dealers Association Inc has awarded 19 individual grants totaling $1,100,961. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ENCOURAGE AND PROMOTE TRADE AND COMMERCE IN THE SOUTH FLORIDA AUTOMOBILE INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SOUTH FLORIDA AUTO DEALERS ASSOCIATION (SFADA) ORGANIZES AND HOSTS THE MIAMI INTERNATIONAL AUTO SHOW WHICH IS HELD ANNUALLY. IT IS ONE OF THE LARGEST AUTO SHOWS IN FLORIDA AND SPOTLIGHTS MORE THAN 1,000 OF THE INDUSTRY'S LATEST VEHICLES FOR THE UPCOMING YEAR. POPULAR EXHIBITS INCLUDE AUTO SHOW MALL, MOTORCYCLE MALL, MEMORY LANE AND MILLION DOLLAR ALLEY FEATURING ASTON-MARTIN, BENTLEY, FERRARI, LAMBORGHINI, LOTUS, MASERATI AND ROLLS-ROYCE.
SFADA ORGANIZES AND MANAGES THE FOUR DAY FT. LAUDERDALE INTERNATIONAL AUTO SHOW. THIS SHOW EXHIBITS THE LATEST IN PERFORMANCE TECHNOLOGY AND DESIGN. MORE THAN 500 CARS, TRUCKS, SUVS AND MOTORCYCLES FILL OVER 200,000 SQUARE FEET OF EXHIBIT SPACE. BENEFITING THE BOYS AND GIRLS CLUBS OF BROWARD COUNTY, THE AUTO SHOW HAS RAISED IN EXCESS OF $3 MILLION FOR THE ORGANIZATION SINCE THE SHOW'S INCEPTION IN 1991.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ari Wildstein Chairman | OfficerTrustee | 1 | $0 |
Jennifer Seidle Secretary/treasurer | OfficerTrustee | 1 | $0 |
Jonathan Chariff Legislative Chairman | OfficerTrustee | 1 | $0 |
Justin Dash Past Chairman | OfficerTrustee | 1 | $0 |
Faisal Ahmed Director | Trustee | 1 | $0 |
Erik Day Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Allied Convention Services Set-up For Auto Show | 5/30/21 | $0 |
Regal Show Services Inc Show Services | 5/30/21 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,802,379 |
| Investment income | $22,896 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,825,275 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $60,544 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $105,057 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $59,836 |
| Fees for services: Accounting | $22,547 |
| Fees for services: Lobbying | $40,768 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $559,125 |
| Advertising and promotion | $498,053 |
| Office expenses | $216,810 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,980 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $453,168 |
| Interest | $5 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,615 |
| Insurance | $24,189 |
| All other expenses | $2,902 |
| Total functional expenses | $2,683,806 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $959,791 |
| Savings and temporary cash investments | $1,089,843 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $47,543 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $94,487 |
| Net Land, buildings, and equipment | $54,602 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $9,081,281 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $102,642 |
| Total assets | $11,430,189 |
| Accounts payable and accrued expenses | $369,717 |
| Grants payable | $0 |
| Deferred revenue | $29,688 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $399,405 |
| Net assets without donor restrictions | $11,030,784 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $11,430,189 |
Grants Awarded
Over the last fiscal year, South Florida Automobile Dealers Association Inc has awarded $58,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS & GIRLS CLUB OF BROWARD COUNTY PURPOSE: GENERAL PURPOSE | $50,000 |
ANTIQUE AUTOMOBILE CLUB OF AMERICA PURPOSE: GENERAL PURPOSE | $8,000 |